On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions du a. Opened a business bank account with a deposit of $48,000 in exchange for common stock. b. Purchased office supplies on account, $3,440. c. Received cash from fees earned for managing rental property, $9,310. d. Paid rent on office and equipment for the month, $4,220. e. Paid creditors on account, $1,560. f. Billed customers for fees earned for managing rental property, $7,820. g. Paid automobile expenses for month, $940, and miscellaneous expenses, $470. h. Paid office salaries, $2,970. i. Determined that the cost of supplies on hand was $2,030; therefore, the cost of supplies used was $1,410. j. Paid dividends $2,820. Required: 1. Indicate the effect of each transaction and the balances after each transaction: For those boxes in which no entry is required, leave the box blank.. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300)